“The fully franked FY23 Interim and Special Dividend totalling 40 cents per share were announced during the quarter and paid to shareholders on 3 May 2023. The Company is focussed on stable, growing returns to shareholders through dividends and ensuring the significant value of the Company’s franking account is utilised. The Company expects that dividend payments and share buy-backs will be maintained as the predominate capital management activities.Due to the rising rate environment the Company is now earning material net interest income on its positive cash balances, which may be further enhanced later in the year by a partial allocation to cash equivalent and fixed income opportunities”.
NHC Price at posting:
$5.11 Sentiment: Hold Disclosure: Held
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